CMS advises Futureal on acquisition of Premier Outlet Budapest
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CMS Hungary has advised Futureal on the acquisition of Premier Outlet Budapest, a leading outlet centre located in Biatorbágy, near Budapest.
The transaction represents a further step in Futureal’s strategy to expand its direct investments in income-producing commercial real estate in Hungary, complementing its existing retail portfolio, which includes Etele Plaza. Premier Outlet Budapest offers 23,000sqm of lettable space across more than 90 stores and has an occupancy rate of 99.7%.
Following the acquisition, FREY will continue to operate the outlet centre, while Futureal takes over asset management.
Congratulations to the CMS team led by Gábor Czike and including László Jókay and Zsófia Zsurzsa (Real Estate).
